Portugal: virgin tower territory
This small Southern European country could provide instant market leadership to the right towerco
Portugal has had a rough ride over the past decade, hit particularly hard by the global downturn at the end of the 2000s and unable to stabilise growth since then, mobile revenues aren’t as strong as elsewhere in Europe. Operators in the country have been clever in packaging up triple play services to maximise revenues, but where does this leave their appetite for managing their networks and does their growth elsewhere necessitate freeing up capital elsewhere?
The Portuguese economy
Portugal is a western European market with a relatively small population of 10.3mn.